Support till 9,250 for the Nifty

The market climbed to the highs of Nifty 9,532 before it saw a small reaction. Going into settlement day, the indices are sitting pretty much where they were, a month ago. Cross-border tensions, worries about the Trump tax plan, etc, have all conspired to trigger some selling. Overall, May settlement has seen reduced volumes from institutions. There has been a little net FII selling and net domestic institutional buying. Retail has also stayed positive until the past couple of sessions. Midcap selling suggests that retail is also nervous. India-specific events still look favourable with reasonable corporate results and a continued